New York-based Arendale Holdings has purchased the Betts Lake community at Colorado Golf Club and plans to break ground on the 35-home community early next year.

The company has selected Golden-based TKP Architects to design the homes and expects to offer four different floor plans. The homes will range from 2,000 square feet to 4,500 square feet on half-acre to 1-acre lots.

Colorado Golf Club ranks No. 4 on Golfweek Magazine’s 2011 list of Top 100 Residential Courses/Communities, the highest of any Colorado residential community.

Earlier this year, the club hosted the 71st Senior PGA Championship. It will host the LPGA’s Solheim Cup in 2013.